BlackRock completes BGI merger

BlackRock has completed its merger with Barclays Global Investors.

The combined firm will operate under the BlackRock name while iShares, the firm's exchange traded fund business, will retain its separate brand. BlackRock's chairman and chief executive officer Laurence Fink says: "Since this transaction was announced in early June, BlackRock and BGI employees have demonstrated their commitment to serving clients and delivering competitive investment results. "Both firms maintained strong core business momentum while achieving the close of an unprecedented merger in less than six months. "Beginning today, we move forward as one global firm, operati...